YCH revs up automotive portfolio and offerings in Korea

YCH charges ahead on The Logistics SuperhighwayTM, making inroads into the automotive sector and celebrating the official opening of its latest YCH DistriCentre in Gimpo, Korea.

Gimpo, South Korea, September 17th, 2014 - YCH Group, Asia Pacific's leading integrated end-to-end supply chain management and logistics partner, today celebrated the official opening of its YCH DistriCentre in Gimpo, Korea. The warehouse facility in the Yangchon industrial zone was primarily established to service automotive parts management and logistics for Volvo, the Swedish carmaker reputed for its superb quality and craftsmanship. The DistriCentre also serves as a hub for other customers across a diverse representation of industry sectors including Kodak and its distributors, Carestream, Alstom, Alcatel Lucent and JS Medical.

The opening ceremony was graced by Singapore's Ambassador to the Republic of Korea, His Excellency Mr. Peter Tan, and attended by various customers and partners. Ambassador Peter Tan congratulated YCH and said, "I am proud to be a part of the celebrations in YCH's official opening of its Gimpo DistriCentre today. As Singapore's home-grown leader in the logistic sector, the YCH Group is yet another shining example of how Singapore companies are contributing to the progress of Korean industries and economy. I am confident YCH will become an outstanding model for Singapore companies' contribution to Korea's economic development through direct investments and engagement of local manpower - thus strengthening the robust economic ties between both countries."

YCH Korea celebrates another milestone with the grand opening of its Gimpo DistriCentre, officiated by H.E. Amb. of Singapore to Korea Mr. Peter Tan (centre), Chairman & CEO of YCH Group Dr. Robert Yap (4th from right), President of YCH Korea Mr. Stanley Hwang (4th from left) and key customers.

Guests, customers and partners mingling at the reception after viewing the warehousing operations set up for Kodak J&K and Volvo Car Korea.

Apart from offering end-to-end supply chain as well as global freight and forwarding solutions, the Gimpo DistriCentre specializes in various returns logistics, after-sales and LOgistics Value-Added (LOVATM) services, such as the raw materials kitting, management of scrap materials, as well as automotive parts certification. Mr. Lee Yunmo, CEO of Volvo Car Korea said, "YCH has been a trusted partner to various global MNCs across the manufacturing and consumer sectors. Having demonstrated a keen interest in optimizing the product life cycle for our automobiles to enhance sustainability, YCH has also impressed us with their swift and impeccable warehouse set-up and proprietary solution platform. We look forward to growing this partnership with YCH as Volvo Car Korea continues to proliferate our brand in Korea."

Mr. Stanley Hwang, President of YCH Korea said, "YCH Korea started with a niche in providing our customers seamless global connectivity as an international freight and forwarding specialist; but has since expanded to offer full-fledged, end-to-end supply chain solutions. Today is a significant milestone for both YCH Korea and YCH Group as we officiate our operations for Volvo Car Korea, demonstrating our commitment to the delivery of supply chain excellence to meet the stringent and evolving needs of the automotive industry."

Kodak Korea, a Digital Printing technology company focused on imaging solutions for Graphic business, is also a key customer at the YCH Gimpo DistriCentre, where a special section has been designed to provide constant temperature control for the storage of various types of Kodak Film and Plates products used by Korea's major newspapers, publishing companies and general commercial print-shops. �Ms. An Shinhee, Operations Manager of Kodak J&K said, "We are delighted to participate in the official launch ceremony of YCH's Gimpo DistriCentre today. We have had great experience working with YCH as a highly reliable and efficient supply chain partner, and are happy that YCH is expanding its facilities and offerings in Korea. Well done and heartiest congratulations!".

YCH was first established in Seoul in 2009 and currently has presence in Incheon, Guro and Gimpo. Its key clients include both Korean and global MNCs such as Samsung, Sejong Industries, LG Electronics, GE Healthcare and Kodak. Offering both bonded and non-bonded facilities with temperature control, YCH Korea is also ISO-certified, a member of IATA (International Air Transport Association) and a winner of the 'Best Sample Case' at the World Customs Organization Global AEO conference in 2012. The Authorized Economy Operator (AEO) certification is an accreditation that emphasizes excellent supply chain security, and is equivalent to the C-TPAT used in US and other regions.

Dr. Robert Yap, Chairman & CEO of YCH Group, who was there to witness the opening ceremony added, "As a preferred supply chain solutions partner to various Korean conglomerates across Singapore, ASEAN and other emerging countries, our dedicated YCH Korea team has been instrumental in supporting the alignment of our group strategy to implement regional supply chains for our Korean customers. But more importantly, we are delighted that our presence in Korea continues to cater to the growing consumption market across the country, while servicing world-class MNCs that are leveraging South Korea as a key manufacturing gateway to Asia and beyond."